Re: Francisco D'Agostino has shared a file with you using Dropbox

jeffrey E.

I) income tax is factored in in the cash flow. All taxes are calculated on the cash flow and explained on page 17.

oil prices based on WTI are calculated very conservative but we can modify it to look at different scenarios. Assumption is (see page 18):

$45
2017 $52
$56
$59
$61
$62
$64
2023 and on flat at $65

Francisco D'Agostino
President & CEO

D'Agostioo & Co. LTD
Calle Londres, Tone Dayco
PH
Caracas, Venezuela
P.

On Sep 23, 2016, at 12:45 PM, Jeffrey E. <jeevacationagmail.com> wrote:

income tax? and cashflow should be run at three scenarios fixed oil increasing and decreasing, if oil goes back to 28 and stays what happens etc.

On Fri, Sep 23, 2016 at 12:23 PM, Francisco D'Agostino <███████████> wrote:
Hi,

It was fun to see you downtown today! Say hi to Jen!!!

Here is a little info on the oil block on the lake of Maracaibo. Take a look at it and let's discuss it.

Have a great weekend.
F.

EFTA R1_00035136
EFTA01743624

Here's a link to "Lago Cinco Production Unit Final Version.pptx" in my Dropbox:

https://www.dropbox.com/s/ztsx4bnjlddkp5a/Lago%20Cinco%20Production%20Unit%2 OFinal%20Version.pptx?dl=0

Francisco D'Agostino
President & CEO

D'Agostioo & Co. LTD
Calle Londres, Torre Dayco
PH
Caracas Venezuela
P.

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by c-mail to jccvacation@gmail.com and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

EFTA R1_00035137
EFTA01743625